India’s economy has developed quickly in the last decade, improving living standards and experiencing strong growth in key sectors of the economy such as information and communication technology (ICT). In recent years, however, circumstances have become less conducive to growth: macroeconomic conditions in the developed economies point to a prolonged external slowdown, while domestic constraints such as high inflationary pressures and rising fiscal and current account deficits have emerged.

The 2013-14 budget focuses on the poor as part of the overarching goal of creating opportunities for young people to acquire the education and skills that will enable them to get decent jobs or become self-employed. Similarly, the educational focus of the 12th FYP is on teacher training, evaluation and accountability. It also stresses the need for higher quality in research, infrastructure, teachers and curriculum content.

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